Elon Musk tweets “Time to break up Amazon. Monopolies are wrong!" Investing |
- Elon Musk tweets “Time to break up Amazon. Monopolies are wrong!"
- Lost more money actively trading than holding index funds
- Italian trader loses his ‘entire life savings’ on one insanely risky position
- U.S. Jobless Claims Understate Reality With Gaps in Federal Data
- YoU cANt bEAT tHe mArKeT
- Bankrupt Hertz (HTZ) up 70% right today (6/4)?
- Living off the dividends?
- Why is Luckin Coffee ($LK) up +88% today? I thought it was going to zero?
- WORK (Slack Technologies) discussion and thoughts
- Luckin Coffee - what the hell happened today?
- Feds are holding /keeping up the stock market- what does that mean?
- $BETZ online gambling ETF just announced
- How would bankruptcy of AMC effect the movie theater market?
- The catalyst for the next wave down will be local government layoffs
- Thoughts on Broadcom ($AVGO)?
- Getting some advice from a more experienced investor
- Way to many issues, but US stock market doesn't care. Why?
- Sold Luckin Coffee at $2... Devastate right now
- Greenspan put - Read this article
- Futures
- [The Information] Uber’s Grocery-Delivery Expansion Plans Face Questions as Chains Rebel
- Second COVID19 wave?
- Today's Initial Claims Magic Number: 1.88M
- Looking for similar monopoly companies
| Elon Musk tweets “Time to break up Amazon. Monopolies are wrong!" Posted: 04 Jun 2020 08:14 PM PDT "Elon Musk calls for Amazon breakup after Covid-19 skeptic claims it censored his book" Does this guy really want to take on Amazon? How come this guy can go seriously insane and spew rubbish yet there are no consequences to his company stock price? His behavior is literally an Antonym to what actual leadership looks like. [link] [comments]  |
| Lost more money actively trading than holding index funds Posted: 04 Jun 2020 03:36 PM PDT Felt like I needed to get this off my chest. I got greedy and just wanted to make a quick buck like I was living in the Big Short movie since it feels like we are in that moment. No matter how many hundreds of hours of research I did or learn (useless) chart patterns and trading indicators, i still got wiped clean with a 99% failure rate. I learnt the hard way that you just can't beat the market as a retail trader... I made more losses trading and shorting this damn market than I would have lost in index funds during the flash crashes in March earlier this year. In fact, I calculated that even if stocks crash by a further 50%, I would have still lost less money holding index funds than I would have trying to time the crash... Now I've lost 3 months of wages and feeling pretty shit about it. [link] [comments]  |
| Italian trader loses his ‘entire life savings’ on one insanely risky position Posted: 04 Jun 2020 09:38 AM PDT This year's been a real grind for Luckin Coffee LK, investors. At one point, Lone Capital held $367 million in stock to lead all hedge funds covered by Insider Monkey. DSAM Partners had $146.2 million worth. Melvin Capital, Renaissance Tech and Tybourne Capital were also bullish on the company, according to Yahoo Finance. So when the stock, which was already down 89% for the year, had its trading halted back in April amid an investigation into financial misconduct, the losses were felt far and wide. But one retail investor with a PG-13 Reddit name took a particularly grievous hit. Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. "Now I'm broke af," he wrote, posting this screenshot of the carnage: [link] [comments]  |
| U.S. Jobless Claims Understate Reality With Gaps in Federal Data Posted: 04 Jun 2020 06:14 AM PDT "The U.S. Labor Department's weekly jobless claims report has yet to reflect at least half a million filings for a federal pandemic program, with data reporting lagging behind payouts. Florida, Alabama, Arizona, Hawaii and West Virginia are among 18 states that showed zero initial claims under pandemic unemployment assistance, or PUA, in the Labor Department's weekly report last Thursday. But the same states have actually received at least half a million in combined claims through the program -- established by the CARES Act -- which is aimed at helping those typically not eligible for regular state benefits, including the self-employed and gig workers. The gulf between the Labor Department's data and state numbers -- compiled by Bloomberg News through state press releases, comments by officials and related data -- indicates the labor-market hit from the coronavirus may be more widespread than thought. While it doesn't significantly alter the overall picture of mass unemployment as tens of millions of Americans have filed for benefits since mid-March, the undercounting further complicates closely watched data already beset by other errors and distortions." [link] [comments]  |
| Posted: 05 Jun 2020 03:06 AM PDT I'd like to shed some light in this subject, seeing as how there has been such an enormous influx of new investors these past months. Unfortunately it seems that there are a lot of sour Redditors out there whose only goal seems to be cutting people down as soon as they mention anything about value investing. Copy pasting things like "if you could beat the market you'd be a millionaire", or: "fund managers can't beat the market either, so why could you?". The fact of the matter is that when you do research into large groups of people and analyze their behavior the science shows that stock picking doesn't get better results than index investing. Why is this? Does it mean that stock picking never works? Or is there maybe more to the story than just what works for the masses? Take for example the used car market. Do you think that someone who knows a lot about cars and maintenance would be better suited to buy a car for a good value than someone without this expertise? Of course. So then why wouldn't this be the case for stocks? It is. The problem with looking at research is that the people who are good at choosing undervalued stocks are thrown in the same basket as the people who are terrible and the average is what gets used for comparison. When it comes to fund managers I'm honestly surprised people still use this comparison. The myth that fund managers are easily capable of beating the market has been debunked ages ago. For example in Peter Lynch's book "One up on Wallstreet" where he explains that the restrictions put in place for most managers gives them a severe disadvantage, and that their job is much more important than the performance of the fund (within reason obviously). Most managers have short lists of pre approved stocks that they are allowed to choose from. Beating the market is not easy. It requires a good understanding of the businesses you're investing in, the overal sector and the market. Finding undervalued stocks is only part of it though. For most people the hardest thing is being able to ignore their emotions and this is the reason why most fail. They see stocks going up and hastily buy so they don't miss out. When stocks start dropping they quickly sell hoping to buy in at a lower price point. Looking at my own investments I can say that I've consistently beaten the market over the past 5 years. Have I become a millionaire? No. Have I had slightly better returns than the overal market by about 5-10%? Yes. And I'm not the only one. It still takes patience, a lot of work and discipline. Remember one thing: next time someone tells you you can't beat the market, what they're actually saying is that they don't know how to. [link] [comments]  |
| Bankrupt Hertz (HTZ) up 70% right today (6/4)? Posted: 04 Jun 2020 12:27 PM PDT These are completely genuine questions: 1. Who in the world is buying this stock right now? Surely the retail market can't be pushing the price up this much? 2. Under what circumstances will the stock be non-worthless after the bankruptcy? 3. Assuming the stock is non-worthless afterward, is there any sane reason to own it pre-bankruptcy? Clearly the market thinks there is... [link] [comments]  |
| Posted: 04 Jun 2020 07:13 PM PDT Do you or anyone you know actually live off dividends or do you guys stick mainly to capital appreciation and such? I've been dividend investing for a little bit now (4 years) and I'm just curious if someone's been doing it for 15/20/25/30 years and if their perspectives have changed during their investment time. I understand the theory and it does look good on paper BUT real life doesn't always coincide with what's on paper. [link] [comments]  |
| Why is Luckin Coffee ($LK) up +88% today? I thought it was going to zero? Posted: 04 Jun 2020 10:57 AM PDT Hi folks, I was surprised today to see Luckin Coffee ($LK) up +88% today. This is the Chinese coffee company that allegedly committed fraud and was once as high as $51. The consensus on this sub was that this stock was going to zero, so I am extremely surprised by the positive price action. In fact the past couple of days it has been going up.. What is going on? Is it possible that it won't be delisted at all? Or that the fraud was not as bad as thought? Tbh I am starting to get FOMO. I saw it when it was at $2 and didn't take the opportunity to buy at that price. :( [link] [comments]  |
| WORK (Slack Technologies) discussion and thoughts Posted: 04 Jun 2020 04:03 PM PDT WORK reported earnings this evening and their stock is down to the tune of almost 20% currently after the report. This seems like an irrational reaction to the ER (as is often the case with these things). They did not report anything that should cause such a dump on the stock (imo anyway). While they did not report astronomical growth as the likes of ZM (Zoom), they showed continued, sustained growth YoY, which in many cases is better for a long-term outlook as opposed to a company who explodes in growth due to the pandemic but carries risk of not being able to sustain that growth once the pandemic has passed. I'm considering adding to a longer term position in WORK at these prices. I do already have a small position at a slightly higher cost basis than where it fell to after-hours today, and I'm considering adding more. Granted, the stock has rallied a lot since the beginning of the year and it may need a breather before continuing, but I don't see this dump as justified in my personal opinion. Any others with thoughts on WORK? Here are some quick details on their ER: https://www.cnbc.com/2020/06/04/slack-work-earnings-q1-2021.html [link] [comments]  |
| Luckin Coffee - what the hell happened today? Posted: 04 Jun 2020 08:19 PM PDT Can anyone speculate on what happened today with Luckin (LK)? It went up nearly 100% today with zero news or observable reason. I tossed a minuscule amount at it a couple weeks ago to buy 15 shares (~$31) and sold my shares today at $3.95 for a net profit of $25-27. It hit close to $5.00/share at one point today and closed at ~$4.05. The only article I found during the day essentially said they had no idea what caused it. I'm curious what's the causation on stocks like this that inexplicably increase without any public news? Edit: I realize someone else has a post on LK, but I'm less interested in the specific company and more-so in generalities of why stocks like this inexplicably skyrocket without news. I'm not training to become a day-trader and I'm interested in long-term gains, but I'd like to learn what's behind the chaos. [link] [comments]  |
| Feds are holding /keeping up the stock market- what does that mean? Posted: 04 Jun 2020 10:38 PM PDT I have one question (maybe two). I have been reading some investment comments here and there that the feds are holding/keeping the stock market afloat and therefore causing resistance for i.e. gold to rise - what does that mean or am I just misunderstanding something? [link] [comments]  |
| $BETZ online gambling ETF just announced Posted: 04 Jun 2020 12:00 PM PDT Online gambling is still in its infancy and the individual stocks have been absolutely ripping the past two months. Instead of picking a trifecta box, get skin in the game by betting on all of the horses in the race. Top holdings by weighting: DraftKings = 7.02% Flutter Entertainment = 6.53% (FanDuel) GAN = 5.79% Pointsbet Holdings = 5.36% Kambi Group = 4.78% Betsmakers Technology Group = 4.57% William Hill = 4.45% Penn National Gaming = 4.16% Kindred Group = 4.12% Edit: Added note that Flutter owns FanDuel [link] [comments]  |
| How would bankruptcy of AMC effect the movie theater market? Posted: 04 Jun 2020 01:34 PM PDT Im sure Cinemark doesnt have the capital to buyout AMC, right? Would AMC be sold peacemeal to the various other movie theater companies? Will congress allow someone like Amazon or Disney to buy them out? Assuming the worst for AMC, what ends up happening to the theaters owned by the largest chain in America? [link] [comments]  |
| The catalyst for the next wave down will be local government layoffs Posted: 04 Jun 2020 11:44 AM PDT Local governments are in huge deficits due to a drastic reduction in sales tax revenue. My local government is over 130mm in a deficit and I live in a small city. They are calling on Washington for another stimulus package because that is the only way they can avoid layoffs and cuts. Given that about 10% of all us citizens are local government employees, this could have a huge effect, and this doesn't even take into account state and federal government that are also at huge deficits. Also a little bonus that when a gov employee gets laid off, they have the option to take their pension plan as a lump sum instead of having to wait for retirement. Edit: I watched my local government live stream on how they are handling deficit. They said layoffs could start as soon as July if there is no aid from Washington. They also stated that NY State has a $6bn deficit currently. [link] [comments]  |
| Posted: 04 Jun 2020 07:46 PM PDT Was wondering what you guys think of Broadcom ($AVGO) in the semicon space? It is currently priced at $310+ and reported a $5.14 EPS, meeting expectations. Given that it has a good IP portfolio, do you think the stock is reasonably priced right now? For comparisons, AVGO has a P/E of ~50, while INTC is at 12, QCOM at 25 and AMD at 130. I'm a total noob, but I was thinking of investing in it. But I felt $300+ is a bit steep given the current scenario in the market. How would you evaluate it? Looking for some advise. [link] [comments]  |
| Getting some advice from a more experienced investor Posted: 05 Jun 2020 01:28 AM PDT Hi everyone, is there a platform you know where someone with more experience can look at my portfolio and give me an opinion on my next move. How do I rebalance my existing portfolio? I am a bit scared since I am +18% in 2 weeks, and I think it's not normal to experience this kinds of gains in such a short time, and I am honestly expecting another crash with what's going on around the US. I can give you percentage values here, so maybe someone can help here too (note that this is the first time I invested and I am young, so I can take a blow). I'll say I have 10,000 invested: AIRBUS: 12% (+42%) ALIBABA: 12% (+7%) BEYOND MEAT: 6% (-6%) DAIMLER: 5% (+34%) I.WILD.CL.E. (Wind Clean Energy ETF): 12% (+34%) SNP500 ETF: 35% (+12%) Dax ETF: 18% (+20%) Overall, I've gained 18%, meaning now I have 11800. I want to invest 4000 in bonds this month, but I am also not sure where to start there... What do you think, do I need to short some of these or let it ride. Thanks! [link] [comments]  |
| Way to many issues, but US stock market doesn't care. Why? Posted: 04 Jun 2020 10:34 PM PDT Posting this on this sub, since it was removed from PF. My investments are soaring, which makes me happy. But why are the current issues not resulting in a drop in the US Total Stock Market Index or S&P 500 Index? I have heard/read that after the second quarter results are out there will be blood bath. But why not now? Also, if the current negative news or issues are not impacting the stock market, why did it drop in March when we had some Corona cases? Right now we are approaching 2M cases. On the top of that we have nationwide protests going on and there are riots in some cities as well. Why is stock market still soaring? Would love to know your thoughts. [link] [comments]  |
| Sold Luckin Coffee at $2... Devastate right now Posted: 05 Jun 2020 04:15 AM PDT I bought Luckin Coffee $LK for around $20 couple months ago. Biggest mistake of my life. It fell massively and I sold at around $2 for a $20,000 loss. Now it is starting to rebound and trading around $5 and rising pre-market. I am devastated, not only because it went down but because I sold near the bottom... How do you recover from something like this? I am extremely tempted to buy back in but I know that just is wrong.. [link] [comments]  |
| Greenspan put - Read this article Posted: 04 Jun 2020 07:49 AM PDT https://en.m.wikipedia.org/wiki/Greenspan_put Leading up to the Dotcom bubble 2000 "The Fed's pattern of providing ample liquidity resulted in the investor perception of put protection on asset prices. Investors increasingly believed that in a crisis or downturn, the Fed would step in and inject liquidity until the problem got better. Invariably, the Fed did so each time, and the perception became firmly embedded in asset pricing in the form of higher valuation, narrower credit spreads, and excess risk taking." Isn't this what's happening today? It's a bubble and I'm just riding the wave [link] [comments]  |
| Posted: 05 Jun 2020 03:25 AM PDT No one wants to talk about how it just blew through support without any volume? 50k volume crushing it while we sleep, only to move sideways and choppy during a regular trading day. Seems the last two months have only had the major moves in Futures and not in actual trading sessions, so what can one do if there's no chance of loss. Seems whoever is doing the futures trading wants to see the market up, great. But is there any risk involved? Like this is going to happen for sure for sure until 2021 right? [link] [comments]  |
| [The Information] Uber’s Grocery-Delivery Expansion Plans Face Questions as Chains Rebel Posted: 04 Jun 2020 03:09 PM PDT Uber faces legal challenges in California over its handling of drivers, while its effort to acquire online restaurant food ordering pioneer Grubhub is likely to get mired in an antitrust review if the companies ever reach a deal. Meanwhile, Uber's effort to get into grocery delivery is running into problems before it even starts. Uber's grocery delivery plans rest on a Latin American startup called Cornershop it agreed to buy control of last fall for $459 million. Uber CEO Dara Khosrowshahi recently told investors he is planning to bring Cornershop to many of the markets where Uber operates, especially in the U.S. But antitrust reviews in Mexico and Chile have delayed consummation of the deal. Meanwhile, even before the deal is completed, grocery chains are resisting efforts by Cornershop to expand into the U.S. on its own, The Information has learned. That raises questions about Uber's success in using the firm to expand, assuming the deal does close. [link] [comments]  |
| Posted: 05 Jun 2020 03:01 AM PDT First, nice. Hope you all did well this week. But that leads my to my next point, how do YOU think the government will react to the impending second wave of COVID19 brought upon by ever major city hosting protests. IM NOT AGAINST THE PROTESTS. But COVID didnt just go away. Not going to make this a medical journal, that isn't my realm. Just curious what the people think. Another wave of shutdowns will devistate alot of the companies making major stock market moves. Will Trump say, "Eh, whatever" and power through with reopening? Basically, is today the day to sell and wait for air travel/entertainment companies to get strangled by closures and once again buy-low? Or should we just hold on for dear life and see where it goes? Personally, im torn. Of course, no one can predict the stock market. Just looking for input. tl;dr COVID19 is still a thing and protests surely wont help. I AM NOT AGAINST THE PROTESTS. Will you sell and bank your profits expecting a second wave or stay along for the ride? [link] [comments]  |
| Today's Initial Claims Magic Number: 1.88M Posted: 04 Jun 2020 05:39 AM PDT |
| Looking for similar monopoly companies Posted: 04 Jun 2020 08:57 PM PDT Hi guys, I have been adopting this strategy of investing in monopoly or near-monopoly companies and one benefit that I realize instantly from using this approach is that I feel really safe. These stocks below are my biggest holdings right now and I would like to hear more suggestions on companies that have somewhat similar dominant position in the market: ASML: absolutely no competition in EUV machines manufacturing industry with pretty high barrier of entry. WM: The only dominant waste management company in the US. MDB: I would say they are the first and only company to sell this 'new' technology in database management. I would consider that a monopoly position, even though the database industry is flooded with companies, I accept those that execute an innovative idea and be the first to do so. TSLA: I don't currently own TSLA but I wish I did. I think their EVs are light years ahead of the rest of the pack and I will say that they enjoy a monopolistic position, again, because of the advantage of so-far-ahead technology, even comparable to that of ASML. CLX: Clorox is a name that I am also interested in. They are currently the king in cleaning supplies and bleach product. I don't see any other brands even come close to their popularity. But I guess they represent the weakest definition of monopoly so far. Still, I would not hesitate to own them when price drops. These companies fit my description of being somewhat of a monopoly in their industries. I would like to learn more about similar companies as I have gained more interest in them in recent years. Any companies that own a complicated high tech secret to make money I think are very safe bet. Would appreciate you guys' opinions on this strategy. [link] [comments]  |
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